Morning Highlights
The STI edges up in opening trades but starts pulling back to 2900 after touching 2907.25.
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Epure broke 0.94
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Qing Mei open 0.295, under water
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Singapore will release February data for Non-Oil Domestic Exports today.
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The Business Times also reported that the number of new private homes sold in January and February 2010 has already outstripped that for the whole of 1Q09.
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New Trade Opportunity with SGX, to Buy at 7.93, Stop Loss at 7.74 and Take Profit at 8.12 – Triggered, Current Price at 8.02
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NOL broke 2.02
News Updates:
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U.S stocks rose, with the S&P 500 touching a 17 month high as the Federal Reserve said it will leave its main interest rate near zero for an extended period to safeguard the economic recovery.
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U.S Housing fell in February as record snowfall in parts of the country hampered construction, while fewer building permits signalled demand is stagnating (Bloomberg).
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Microsoft loses US$106 million patent verdict
Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume.
Bullish Stocks (Singapore)
Name |
Entry |
SL |
TSL |
TP |
Remarks |
||
1 | GPAK | Goodpack Ltd | 1.58 | 1.46 | 1.70 | ||
2 | SIAE | SIA Engineering Co Ltd | 3.72 | 3.55 | 3.89 | ||
3 | SCOF | Super Coffeemix | 0.755 | 0.67 | 0.84 | ||
4 | HWHS | Hwa Hong Corp | 0.60 | 0.57 | 0.63 | ||
5 | HBEE | Ho Bee Investments | 1.86 | 1.75 | 1.97 | Triggered, Current Price at 1.87 | |
6 | CSES | CSE Global | 0.975 | 0.935 | 1.02 | ||
7 | WLIL | Wilmar International | 6.96 | 6.70 | 7.22 | ||
8 | HKLD | Hong Kong Land | 4.98 | 4.81 | 5.15 | ||
9 | IFAR | Indofood Agri Resources | 2.38 | 2.16 | 2.60 | ||
10 | QMDT | Q & M Dental Group | 0.585 | 0.53 | 0.64 | ||
11 | GAGR | Golden Agri Resources | 0.605 | 0.55 | 0.66 | ||
12 | NOBG | Noble Group | 3.46 | 3.30 | 3.62 | ||
13 | EZRA | Ezra Holdings | 2.46 | 2.37 | 2.55 | CLOSED at 2.46, Trend Bends | |
14 | NEPS | Neptune Orient Lines | 2.03 | 1.94 | 2.12 | ||
15 | SWBR | Swiber Holdings | 1.14 | 1.06 | 1.22 | ||
16 | BANY | Banyan Tree Holdings | 0.77 | 0.735 | 0.805 | ||
17 | CapitaMall Asia | 2.42 | 2.32 | 2.52 | |||
18 | PWAY | Parkway | 3.17 | 3.08 | 3.26 | (Early Signal) Triggered, Current Price at 3.19 | |
19 | KLAN | Keppel Land Ltd | 3.66 | 3.55 | 3.77 | Low Volume, Not Entered |
Stock Prices last updated at 17.05 (Singapore Time)
Afternoon Highlights
Market is moving steady, with the key STI approaching resistance at 2947.08.
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New Trade Opportunity with UOB, to BUY at 18.96, Stop Loss at 18.42 and Target Profit Level at 19.50 (mid term)
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Epure broke 1
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Bank of Japan doubles size of special lending program, keeps rates steady as expected
In Summary,
The STI rallied, climbing 22.87 points to close at 2919.30, with 1.695 billion traded.
Major movers are DBS, UOB, SGX, Keppel Corp, City Development and Capitaland.